3445 NE 40th, Lincoln City, OR 97364
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: amanda graves
Office: kiwanda coastal properties
MLS#:26-1428
Source:OR_LCBR
Price summary
- Price:$1,435,000
- Price per sq. ft.:$333.49
About this home
Lakefront, 5 bedroom, universally designed, income property embracing the timeless beauty of the Oregon Coast. B&B potential where you live there and have 3 rental units all with lakefront decks. Seller financing negotiable. Tucked quietly among blooming waterlilies on the peaceful Northern shores of Devil's Lake, this was created for effortless living, comfort, & connection to nature at every stage of life. Designed w/ accessibility & ease in mind, this offers main-level living in every residence, w/ elevator access to the lower-level units for seamless mobility. Wide doorways, pocket doors, built-ins, deep garages, & central vac create a home that feels both elegant & welcoming — whether for full-time living, multigenerational living, retirement, or a peaceful coastal retreat. A whimsical deck invites residents to enjoy the calm waters of Devil's Lake w/ ease, offering a gentle & accessible connection to kayaking, wildlife watching, fishing, or simply soaking in the serenity of lakeside life. Ducks paddle quietly by while birdsong fills the air from your own private outdoor sanctuary. The lower unit has a swim spa w/ easy sit-down access to year-round soaking & exercise surrounded by nature. The property currently generates annual income w/ 3 beautifully appointed units plus a bonus studio, presenting an exceptional opportunity for both lifestyle & investment. Potential future uses may include condominiums, bed & breakfast, senior living apartments, an artist retreat, wellness escape, or a family compound. Three lakefront primary suites open to expansive private decks. Quality craftsmanship shines throughout, local cedar shake siding and the home's energy-efficient hillside construction creates remarkably low utility costs. In fact, the owner rarely needed supplemental heat over the past 20 years. On cool evenings, the double-sided fireplaces provide warmth within minutes, while fresh ocean breezes drifting in through screened doors eliminate the need for air conditioning. Set on a generous lot just moments from the beach, hospital, post office, grocery stores, & banking....
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Home facts
- Year built:2004
- Subdivision & Development:Lakeside Heights
- Listing ID #:26-1428
- Added:164 day(s) ago
- Updated:November 03, 2026 at 05:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:16
- Flooring:Carpet, Laminate, Vinyl
- Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Range, Gas Cooktop, Microwave, Refrigerator
- Basement Description:Concrete Perimeter
- Living area:4,303 sq. ft.
Heating and cooling
- Heating:Electric, Natural Gas, Wall Furnace
Structure and exterior
- Year built:2004
- Building area:4,303 sq. ft.
- Lot area:0.32 Acres
- Architectural Style:Chalet
- Construction Materials:Cedar, Shake Siding
- Exterior Features:Spa/Hot Tub
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,435,000
- Price per sq. ft.:$333.49
- Tax amount:$13,855 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Gas Cooktop, Microwave, Refrigerator, Washer, Water Heater
- Laundry features:Dryer, Washer
- Amenities:Drapes
Parking
- Garage:Yes
- Garage spaces:3
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